I live in an area where finding a pre foreclosure home is pretty easy to come by as I live in Atlanta. I’m still new to the wholesaling market but I’ve always been more of a hands on learner. I’ve watched videos on YouTube primarily Flip man and Antonio Edwards taken notes and all but one thing I really want to know is how exactly so I go about Wholesaling a Pre Foreclosure home? Anything will help.

Hello, Good Morning @Carlos Diaz !  Usually auctions have pre foreclosure properties listed weekly and you can mail the owner a letter of interest to purchase their home before the auction if time permits. You will contract the property just like a normal wholesale deal but the date will need to be as soon as possible in order to avoid the auction sale. Hope this helps! 

Originally posted by @Carlos Diaz :

I live in an area where finding a pre foreclosure home is pretty easy to come by as I live in Atlanta. I’m still new to the wholesaling market but I’ve always been more of a hands on learner. I’ve watched videos on YouTube primarily Flip man and Antonio Edwards taken notes and all but one thing I really want to know is how exactly so I go about Wholesaling a Pre Foreclosure home? Anything will help.

 I would switch gears right out of the gate if I were you. Wholesaling as it's taught is a myth. You need a license to Broker real estate. That's all wholesaling is as it's taught in these programs, it's brokering real estate except instead of being up front & telling the distressed seller that you'll sell their property for X amount & take X amount as your commission / fee you are taught to lie to the seller & pretend you are going to buy the property while you secretly attempt to "assign" your contract.

It doesn't work. Nobody has any respect for wholesalers. Whenever a wholesaler contacts me I simply get the information about the property & reach out to the owner myself cutting the wholesaler out of the deal entirely. If you do business above board as a licensed agent that won't happen to you. The only people making money wholesaling are the guys selling you all of that education.

To be successful connecting buyers and sellers you need to have

• An in depth knowledge of the market.
• Marketing skills.
  
• Sales skills.
• Negotiation skills.
• Accurately estimate rehab costs.
• Understand how to much time it would cost to run a renovation on the properties you are presenting.

My advice get a real estate license. Way cheaper, no legal issues, more respect and there is a decent chunk of cheap or free training out there from the mega brokerages. Soak it all in while you're trying to get off the ground. It's not an easy job, 90% fail rate but it's better than the 99.9% "wholesaler" fail rate.